QDF vs SPY
Comparison between FLEXSHARES QUALITY DIVIDEND INDEX FUND (QDF, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed QDF, delivering a return of +13.3% compared to +11.2%
QDF vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
QDF
$2B
Winner
SPY
$652B
Expense Ratio
QDF
0.39%
Winner
SPY
0.09%
Max Drawdown
Winner
QDF
37.16%
SPY
56.47%
Sharpe Ratio
QDF
2.01
Winner
SPY
2.07
5Y Beta
Winner
QDF
0.88
SPY
1.00
P/E Ratio
Winner
QDF
22.17
SPY
28.24
Forward P/E
Winner
QDF
17.20
SPY
21.85
PEG Ratio
QDF
0.18
SPY
N/A
5Y Dividends CAGR
QDF
1.72%
Winner
SPY
5.43%
5Y EPS CAGR
QDF
23.14%
Winner
SPY
25.79%
Debt to Equity
Winner
QDF
-64.16%
SPY
22.35%
P/S Ratio
QDF
3.68
Winner
SPY
3.55
P/B Ratio
Winner
QDF
4.73
SPY
5.29
QDF vs SPY - Holdings Comparison
QDF and SPY have 92 common holdings. Overlap is 37.86%
QDF's top 25 holdings weight is 57.17%. SPY's top 25 holdings weight is 51.32%.
| Rank | QDF | SPY |
|---|---|---|
| #1 | APPLE INC (AAPL) - 8.09% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | NVIDIA CORP (NVDA) - 6.43% | APPLE INC (AAPL) - 6.48% |
| #3 | BROADCOM INC (AVGO) - 3.76% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | MICROSOFT CORP (MSFT) - 3.68% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | JOHNSON & JOHNSON (JNJ) - 3.01% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | ABBVIE INC (ABBV) - 2.77% | BROADCOM INC (AVGO) - 3.09% |
| #7 | CISCO SYSTEMS INC (CSCO) - 2.53% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | LAM RESEARCH CORP (LRCX) - 2.33% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | GE AEROSPACE (GE) - 2.33% | TESLA INC (TSLA) - 1.73% |
| #10 | PROCTER & GAMBLE CO (PG) - 2.28% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | ALPHABET INC CLASS A (GOOGL) - 2.20% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | PHILIP MORRIS INTERNATIONAL INC (PM) - 1.87% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | ALPHABET INC CLASS C (GOOG) - 1.76% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | KLA CORP (KLAC) - 1.60% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | GE VERNOVA INC (GEV) - 1.54% | WALMART INC (WMT) - 0.91% |
| #16 | JPMORGAN CHASE & CO (JPM) - 1.53% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | GILEAD SCIENCES INC (GILD) - 1.34% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | PFIZER INC (PFE) - 1.21% | VISA INC CLASS A (V) - 0.85% |
| #19 | QUALCOMM INC (QCOM) - 1.11% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | UNION PACIFIC CORP (UNP) - 1.11% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | CASH (n/a) - 0.96% | INTEL CORP (INTC) - 0.65% |
| #22 | ACCENTURE PLC CLASS A (ACN) - 0.94% | NETFLIX INC (NFLX) - 0.64% |
| #23 | BRISTOL-MYERS SQUIBB CO (BMY) - 0.94% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | THE HOME DEPOT INC (HD) - 0.93% | CHEVRON CORP (CVX) - 0.58% |
| #25 | INTUIT INC (INTU) - 0.92% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 126 | 505 |
QDF vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
QDF
+6.30%
Winner
SPY
+9.11%
3M
QDF
+4.04%
Winner
SPY
+6.59%
6M
Winner
QDF
+10.70%
SPY
+10.56%
1Y
QDF
+30.52%
Winner
SPY
+32.04%
5Y(CAGR)
QDF
+11.20%
Winner
SPY
+13.35%
10Y(CAGR)
QDF
+12.14%
Winner
SPY
+15.49%
Max(CAGR)
Winner
QDF
+12.53%
SPY
+8.50%
QDF vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | QDF | SPY |
|---|---|---|
| 2026 | +7.12% | +8.27% |
| 2025 | +16.90% | +18.00% |
| 2024 | +17.35% | +25.59% |
| 2023 | +20.23% | +26.72% |
| 2022 | -12.32% | -18.64% |
| 2021 | +28.22% | +30.52% |
| 2020 | +4.57% | +17.28% |
| 2019 | +25.67% | +31.09% |
| 2018 | -8.42% | -5.24% |
| 2017 | +16.35% | +20.78% |
| 2016 | +18.28% | +13.59% |
| 2015 | -0.87% | +1.31% |
| 2014 | +12.97% | +14.56% |
| 2013 | +33.51% | +29.00% |
| 2012 | -1.59% | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
QDF vs SPY Drawdown Comparison
The maximum drawdown for QDF was -36.64%, occurring on Mar 23, 2020. Recovery took 203 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current QDF drawdown is -0.44%.
| Rank | QDF | SPY |
|---|---|---|
| #1 | -36.64% Feb 12, 2020 - Dec 1, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -22.06% Jan 4, 2022 - Jul 19, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -19.87% Sep 21, 2018 - Oct 21, 2019 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -18.01% Dec 2, 2024 - Jun 27, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -13.20% May 21, 2015 - Apr 13, 2016 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -10.62% Jan 26, 2018 - Aug 21, 2018 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -10.52% Jul 31, 2023 - Dec 11, 2023 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -7.89% Feb 25, 2026 - Apr 17, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -6.90% Sep 18, 2014 - Oct 31, 2014 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -6.04% Dec 31, 2013 - Feb 28, 2014 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -5.75% Jul 16, 2024 - Aug 19, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -5.75% Mar 28, 2024 - May 15, 2024 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -5.22% Aug 2, 2013 - Oct 17, 2013 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -5.18% Jun 23, 2016 - Jul 8, 2016 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.05% May 21, 2013 - Jul 9, 2013 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between QDF and SPY is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
1.00
-101
Dividend Comparison (1999 - 2026)
QDF vs SPY dividend yield comparison.
| Year | QDF | SPY |
|---|---|---|
| 2026 | 0.23% | 0.24% |
| 2025 | 1.65% | 1.07% |
| 2024 | 1.93% | 1.21% |
| 2023 | 2.19% | 1.40% |
| 2022 | 2.45% | 1.65% |
| 2021 | 1.90% | 1.20% |
| 2020 | 2.38% | 1.52% |
| 2019 | 3.05% | 1.75% |
| 2018 | 4.29% | 2.04% |
| 2017 | 2.70% | 1.80% |
| 2016 | 3.07% | 2.03% |
| 2015 | 3.04% | 2.06% |
| 2014 | 2.70% | 1.87% |
| 2013 | 2.08% | 1.81% |
| 2012 | 0.49% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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